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Bitget Research: Crypto Market Lacks Catalyst, BOT Sector's Popular Project Banana Gun Set for Token Launch
Bitget Research
2023/09/05
the past 24 hours, there have been many new popular tokens and topics emerging in the market, and perhaps they could be the next market spotlight.
In Summary:
1.Popular Tokens:
POW (Token) - Pepe Of Wallstreet. The token has a 24-hour trading volume of US$3.78 million, with 6886 transactions in the same duration. The contract has been renounced, and there's a 2% transaction tax. The current market cap stands at US$1.5 million. There is notable activity by the contract creator, who has transferred tokens to numerous addresses, suggesting potential "on-chain data falsification" or risks of "on-chain insider trading."
yama (Token) - This is a highly popular meme. The project, only a day after its launch, has seen 3729 interactions, while the number of holders has risen from 0 to 1378. The 24-hour trading volume is US$2.87 million, with 3357 transactions. After the token was minted, 95% went into a Uniswap liquidity pool and has been locked for a year, while 5% is retained in a multi-signature address for future listings on centralized exchanges. The token distribution is fair, and there's no evident risk in the contract.
PAPA (Token) - PAPA Bear. A new meme on the BSC, PAPA has a promising upward trend. Its current market cap is US$513.05K, and there's a 3% transaction tax. The token has sent 96% of its supply to a burn address. Of the remaining tokens, the top EOA address holds nearly 0.9% of the total supply, which actually constitutes 22.5% of the circulating supply. This poses a risk due to the high concentration of tokens.
2.Popular NFTs:
Avive Profile NFT (NFT) - Avive World's individual profile NFT, part of the Avive World project aiming to create a metaverse social network. Holding this profile NFT grants access to VV token airdrops. The project recently concluded an NFT Free Mint Event. Currently, the number of holders has reached 86K, with a Twitter follower count of 709.7K.
3.Popular DApps:
Starknet (DApp) - Starknet has introduced a "Simple Decentralized Protocol Proposal." The proposal aims to enable the community to initiate a simple and complete decentralized Starknet protocol candidate solution, allowing for maximum simplification of the protocol under the assumption that over two-thirds of the stakes are honest.
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.4 million, primarily held by public fundraising round participants and airdrop recipients.
Stake.com (DApp) - The crypto gambling platform Stake.com was initially hacked on Ethereum, resulting in a loss of assets worth nearly US$16 million. The hackers then stole over US$25 million worth of assets on both BSC and Polygon networks, bringing the total loss to over US$41 million. In response to the ongoing situation, Stake.com stated: "All services have resumed! Deposits withdrawals are processing instantly for all currencies." Stake.com also indicated: "Unauthorized tx's were made from Stake's ETH/BSC hot wallets last night, but user funds are safe. BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational."
Aerodrome (DApp) - A ve(3,3) DEX on Base L2, developed and launched in collaboration with the Velodrome and Base teams. Initially, 40% of the circulating veAERO will be airdropped to veVELO users and will be locked for 4 years. After the product went live yesterday, the TVL grew rapidly, with projects like SNX and Beefy becoming initial partners. The current TVL is US$170 million.
KAI-CHING (DApp) - A new application that emerged on the NEAR network, KAI-CHING has a high UAW of 640,000 in a single day. The applications within its ecosystem are developed by Cosmose, an innovative offline retail platform. It is designed for customer commissions and cashback, integrating shopping, retail, and gamification. This blend has given birth to an entirely new category: Shoppertainment. Kai-Ching is a stablecoin pegged to the USD (1 Kai-Ching = US$1). The future development of the project remains to be observed.
4.Twitter Hot Topics:
PYR (Token) - PYR has recently seen a rapid increase in price, with a 26.84% increase in the past seven days. Today's trading volume is up by 25.71%, reaching $48,331,945. Yesterday, the official Twitter account announced that a dinner event will be held in Seoul on September 7th, during which they will unveil their expansion plans in Asia.
SYN (Token) - Cross-chain protocol Synapse reported on social media that a Synapse liquidity provider sold their SYN tokens today and withdrew liquidity. The team is investigating unusual activity in their wallet and is working to establish contact. Market data shows that SYN (Synapse) dropped to $0.3052 and is currently trading at $0.3534, with a 24-hour decrease of 14.56%.
5.Regional Trending Searches:
ARKM (Token) - Recently, there has been a surge in
blockchain security incidents. As an on-chain data analysis tool, Arkham has gained significant exposure thanks to its ability to expose potential risks and the direction of funds in real time. Recently, Binance IEO projects have been successively surging, but ARKM has now erased all of its previous gains, with a mere 6.01% increase over the past week.
Main Body
Written by: Bitget Research
Data collection time: September 5, 10:30
Data sources: Dune, DApps, Twitter, Google
Note:
1) New active users: Refers to wallet addresses that were newly created on the chain in the past 24 hours and had interactions on the chain.
2) Existing active users: Refers to wallet addresses that were created on the chain 24 hours ago and had interactions on the chain in the past 24 hours.
3) DApp daily activity (UAW: unique active wallets)
4) TGE (Token Generation Event)
1.BTC Profile - BRC-20
FRAM (Token) - Recently, the FRAM token consistently ranks first in on- XCNUSDT">
chain trading volume. One distinctive aspect of this BRC-20 token project is that 98% of the tokens are controlled by the top 9 addresses, with two exhibiting obvious wash trading behavior. The token has had no significant change recently.
2.Blockchain Profile - ETH Chain
2.1 User Profile
2.1.1 Core Data
Total active users of ETH: 347,843
New active users of ETH: 70,538, with a daily decrease of 4.94%
Existing active users of ETH: 277,305, with a daily decrease of 30.00%
2.1.2 New User Profile
Core data: There were a total of 70,538 new active users on ETH yesterday, with a daily decrease of 4.94%
Popular Sectors
Popular Projects
Starknet (DApp) - Starknet has introduced a "Simple Decentralized Protocol Proposal." The proposal aims to enable the community to initiate a simple and complete decentralized Starknet protocol candidate solution, allowing for maximum simplification of the protocol under the assumption that over two-thirds of the stakes are honest.
2.1.3 Existing User Profile
Core data: The number of ETH active existing users is 277,305, with a daily decrease of 30.00%
Popular Sectors
Popular Projects
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project will release its token with a public fundraising event this weekend, capped at 800 ETH. The FDV is US$6.6 million, with an initial circulating market cap of US$1.4 million, primarily held by public fundraising round participants and airdrop recipients.
Stake.com (DApp) - The crypto gambling platform Stake.com was initially hacked on Ethereum, resulting in a loss of assets worth nearly US$16 million. The hackers then stole over US$25 million worth of assets on both BSC and Polygon networks, bringing the total loss to over US$41 million. In response to the ongoing situation, Stake.com stated: "All services have resumed! Deposits withdrawals are processing instantly for all currencies." Stake.com also indicated: "Unauthorized tx's were made from Stake's ETH/BSC hot wallets last night, but user funds are safe. BTC, LTC, XRP, EOS, TRX + all other wallets remain fully operational."
2.2 Popular Trading Pairs
2.2.1 Uniswap V2
POW (Token) - Pepe Of Wallstreet. The token has a 24-hour trading volume of US$3.78 million, with 6886 transactions in the same duration. The contract has been renounced, and there's a 2% transaction tax. The current market cap stands at US$1.5 million. There is notable activity by the contract creator, who has transferred tokens to numerous addresses, suggesting potential "on-chain data falsification" or risks of "on-chain insider trading." https://www.dextools.io/app/en/ether/pair-explorer/0xa19bbaa46d3301e948861fb76483879dc71524dc
yama (Token) - This is a highly popular meme. The project, only a day after its launch, has seen 3729 interactions, while the number of holders has risen from 0 to 1378. The 24-hour trading volume is US$2.87 million, with 3357 transactions. After the token was minted, 95% went into a Uniswap liquidity pool and has been locked for a year, while 5% is retained in a multi-signature address for future listings on centralized exchanges. The token distribution is fair, and there's no evident risk in the contract. https://www.dextools.io/app/cn/ether/pair-explorer/0x85c920a41dd7de0d5bc0f3d6c03241bac9aef0f1
2.2.2 Uniswap V3
PNDC (Token) - A
memecoin issued by Pauly, a prominent PEPE holder. Its initial launch caused an on-chain gas war, but the project eventually failed due to issues during the sale. The current PNDC tokens are obtained through the exchange of tokens from the previous sale. The trading enthusiasm for this token remains high.
3.Blockchain Profile - BSC Chain
3.1 User Profile
3.1.1 Core Data
Total active users on BSC: 1,006,809
New active users on BSC: 171,966, with a daily increase of 17.16%
Existing active users on BSC: 834,843, with a daily increase of 7.45%
3.1.2 New User Profile
Core data: There were a total of 171,966 new active users on BSC yesterday, with a daily increase of 17.16%
Popular Sectors
Popular Projects
TinyTap (DApp) - A decentralized education platform supported by Animoca Brands. Established in 2012, TinyTap is a tech startup based in Tel Aviv, Israel that focuses on user-generated content (UGC). It recently completed the integration of AI technology. Users can utilize TinyTap to create highly interactive educational modules. The project is in ongoing development and is worth continued attention.
3.1.3 Existing User Profile
Core data: The number of BSC active existing users is 834,843, with a daily increase of 7.45%
Popular Sectors
Popular Projects
Seg Finance (DApp) - The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address.
3.2 Popular Trading Pairs
3.2.1 PancakeSwap V2
PAPA (Token) - PAPA Bear. A new meme on the BSC, PAPA has a promising upward trend. Its current market cap is US$513.05K, and there's a 3% transaction tax. The token has sent 96% of its supply to a burn address. Of the remaining tokens, the top EOA address holds nearly 0.9% of the total supply, which actually constitutes 22.5% of the circulating supply. This poses a risk due to the high concentration of tokens. https://www.dextools.io/app/en/bnb/pair-explorer/0xd8c0d3632c652ba5e1b24033a78cd25c286deccc
4.Blockchain Profile - Polygon Chain
4.1 User Profile
4.1.1 Core Data
Total active users on Polygon: 465,044
New active users on Polygon: 101,309, with a daily increase of 12.91%
Existing active users on Polygon: 363,735, with a daily increase of 11.57%
4.1.2 New User Profile
Core data: There were a total of 101,309 new active users on Polygon yesterday, with a daily increase of 12.91%
Popular Sectors
Popular Projects
Meta Force (DApp) - This is a project that has previously conducted NFT sales. The on-chain data is still relatively active, with numerous operations such as buying tokens with DAI and "Registration" taking place. The project operates on an invitation-only basis where the inviter receives a purchase reward from the invitee, which carries the characteristics of pyramid selling (MLM). Participation is not recommended.
4.1.3 Existing User Profile
Core Data: The number of Polygon active existing users is 363,735, with a daily increase of 11.57%
Popular Sectors
Popular Projects
Open Exchange (DApp) - The platform token of Open Exchange which belongs to Zhu Su. It provides tokenized claims trading, including those of FTX, and Celsius, among others. Given the recent market sentiment and the developments in dealing with debts from abruptly failed financial institutions, it garnered increased attention. According to official tweets from the project team, OPNX has been live for 150 days, and its trading volume has reached US$6.26 billion. Due to Zhu Su's personal influence, the project will receive continued exposure. It's worth keeping an eye on.
4.2 Popular Trading Pairs
4.2.1 Uniswap V3
agEUR (Token) - agEUR is backed by Angle Protocol, a capital-efficient, decentralized, and over-collateralized stablecoin protocol. Recently, the launch of Angle's Transmuter product has been voted on Snapshot. After the vote passes, the price of agEUR will be unrelated to the trading price of EURUSD, allowing it to avoid any market risks brought about by USDT/USDC depegging.
5.Blockchain Profile - Arbitrum Chain
5.1 User Profile
5.1.1 Core Data
Arbitrum Active Users: 134,230
Arbitrum New Active Users: 24,858, with a daily increase of 10.05%
Arbitrum Existing Active Users: 109,372, with a daily increase of 6.96%
5.1.2 New User Profile
Core data: There were a total of 24,858 new active users on Arbitrum yesterday, with a daily increase of 10.05%
Popular Sectors
Popular Projects
Avive Profile NFT (NFT) - Avive World's individual profile NFT, part of the Avive World project aiming to create a metaverse social network. Holding this profile NFT grants access to VV token airdrops. The project recently concluded an NFT Free Mint Event. Currently, the number of holders has reached 86K, with a Twitter follower count of 709.7K. https://opensea.io/es/collection/avive-profile-nft
5.1.3 Existing User Profile
Core data: The number of Arbitrum active existing users is 109,372, with a daily increase of 6.96%
Popular Sectors
Popular Projects
Avive Profile NFT was mentioned earlier in the report.
5.2 Popular Trading Pairs
5.2.1 Uniswap V3
The Arbitrum ecosystem does not have any particularly popular tokens today.
6.Blockchain Profile - Base Chain
6.1 User Profile
6.1.1 Core Data
Base Active Users: 68,190
Base New Active Users: 10,694, with a daily decrease of 21.26%
Base Existing Active Users: 57,496, with a daily increase of 1.77%
6.1.2 New User Profile
Core data: There were a total of 10,694 new active users on Base yesterday, with a daily decrease of 21.26%
Popular Sectors
Popular Projects
Aerodrome (DApp) - A ve(3,3) DEX on Base L2, developed and launched in collaboration with the Velodrome and Base teams. Initially, 40% of the circulating veAERO will be airdropped to veVELO users and will be locked for 4 years. After the product went live yesterday, the TVL grew rapidly, with projects like SNX and Beefy becoming initial partners. The current TVL is US$170 million.
6.1.3 Existing User Profile
Core data: The number of Base active existing users is 57,496, with a daily increase of 1.77%
Popular Sectors
Popular Projects
KUMAIRU (NFT) - Hosted on the Base chain, KUMAIRU is a PFP NFT issued on the mint.fun platform. Currently, 94% has been minted, with 3440 holders. https://mint.fun/base/0x6C895fda60CB7dcDD5F84e6eb665c8D15E9aEFDE
7. DApp Ecosystem - All Chains
KAI-CHING (DApp) - A new application that emerged on the NEAR network, KAI-CHING has a high UAW of 640,000 in a single day. The applications within its ecosystem are developed by Cosmose, an innovative offline retail platform. It is designed for customer commissions and cashback, integrating shopping, retail, and gamification. This blend has given birth to an entirely new category: Shoppertainment. Kai-Ching is a stablecoin pegged to the USD (1 Kai-Ching = US$1). The future development of the project remains to be observed.
8.DApp Ecosystem - ETH Chain
BLUR (DApp) - Blur is a top-tier NFT trading platform. BLUR tokens are unlocked on the 15th of every month, with a current monthly unlocking volume approaching 50 million tokens, valued at nearly $10 million. Due to this, the token's performance on secondary markets is mediocre. There haven't been many recent developments from the project, and given the average interest in the NFT market at present, the token is expected to perform well during a bull market.
9.DApp Ecosystem - BSC Chain
XCAD Network (DApp) - A Watch2Earn project that acts as a competitor to YouTube, helping creators earn profits through tokens. Users can also earn token rewards by watching their favorite creators. The project token has performed well since July this year, but it is currently experiencing a downward trend which is related to the overall low liquidity in the
crypto market. The project has a solid foundation and is worth continuous attention.
10.DApp Ecosystem - Polygon Chain
Jump.trade (DApp) - Claiming to be Asia's largest NFT market, Jump released its P2E cricket game NFT collection, Meta Cricket League NFTs. 55,000 NFTs were sold out within 9 minutes. The project has recently completed the development of its mobile app, which can be downloaded from the Google Play Store.
11.DApp Ecosystem - WAX Chain
In the WAX ecosystem, the UAW fluctuations of all the projects are within the normal range.
12.DApp Ecosystem - Solana Chain
Genopets (DApp) - A Move to Earn project on Solana featuring pets as its theme. It combines social fitness incentives, free game mechanics, and player-controlled Web3 economics. The project's investors include famous organizations like Pantera, Konvoy, and Solana. The project has recently rolled out its second whitelist event and has garnered decent attention from the community.
13.DApp Ecosystem - Arbitrum Chain
Radiant (DApp) - Radiant is expected to go live on Ethereum in October, gradually implementing a multi-chain layout. Currently, the main TVL is still on Arbitrum, with a total TVL reaching US$160 million. Recently, it assisted the Radpie project with brand promotion. Radpie can help in handling the liquidity for dLP, having a strong affiliation with Radiant's interests. Both projects are worth following closely.
14.DApp Ecosystem - Base Chain
Friend.tech (DApp) - The daily trading volume of Friend.tech has sharply decreased from US$16 million observed on August 21 to approximately US$700,000 today, a drop of over 95%. This significant drop in popularity indicates ongoing issues with the catalyst of speculative activities seen in the early stages. Currently, the project is mainly focused on updating the product and monitoring user activity data.
15.DApp Ecosystem - GameFi Sector Across All Chains
Sweat Economy (DApp) - A traditional Web2 project that has transitioned to a Web3 wallet and a "Move to Earn" project, with currently 5 million downloads on Google Play. The community has voted to gradually burn 1.8 billion $SWEAT tokens, and last week, for the first time, 1.2 million $SWEAT tokens were burned. In addition, the ecosystem wallet app is set to launch in eight regions and countries, including the United States, which has generated significant attention and led to a continuous increase in recent activity.
16.Gas Fee Consumption - ETH Chain
Banana Gun (DApp) - The project is a TG Bot that helps users trade on DEXs, with two core features: "Sniper" (targeting newly listed memes) and "Quick Trade." Both features have "anti-rug" and "MEV protection" functionalities to protect investors, with fees of 0.85% and 0.5%. Looking at the roadmap, future updates will include features such as automatic profit-taking, Telegram scraper, multi-chain support, and copytrading. The project team plans to conduct a public sale this weekend, with an individual cap of 1 ETH.
17.Gas Fee Consumption - BSC Chain
Seg Finance (DApp) - The contract address of the CrazyShoes Mall. It is related to the BRC-20 standard token SEG (Shoe Elimination Game). This token has over 20,000 holders, with 95% of the chips concentrated in one EOA address.
18.Gas Fee Consumption - Polygon Chain
Holograph (DApp) - A full-chain NFT protocol based on Layerzero, Holograph enables non-fungible (and fungible) tokens to be transferred across EVM-compatible
blockchains. Since May 2023, the team has crossed 1.5 million cross-chain messages with over 6 million full-chain NFTs.
19.Gas Fee Consumption - Arbitrum Chain
Avive Profile (NFT) - Avive World's individual profile NFT, part of the Avive World project aiming to create a metaverse social network. Holding this profile NFT grants access to VV token airdrops. The number of holders surpassed 30,000, indicating high project interest. It's worth continued attention.
20.Gas Fee Consumption - Base Chain
Friendtech (DApp) - On September 5, the friend.tech protocol generated only US$74,600 in protocol fees, a 95.4% decline from the high point of US$1.68 million on August 22. Its ranking among other networks and protocols has dropped to tenth place, whereas it had previously surpassed the Lido protocol and ranked second only to the Ethereum network. Going forward, it is worth monitoring how the expected token issuance stimulates user numbers.
21.Twitter Trends Token Top Rank
PYR (Token) - PYR has recently seen a rapid increase in price, with a 26.84% increase in the past seven days. Today's trading volume is up by 25.71%, reaching $48,331,945. Yesterday, the official Twitter account announced that a dinner event will be held in Seoul on September 7th, during which they will unveil their expansion plans in Asia.
SYN (Token) - Cross-chain protocol Synapse reported on social media that a Synapse liquidity provider sold their SYN tokens today and withdrew liquidity. The team is investigating unusual activity in their wallet and is working to establish contact. Market data shows that SYN (Synapse) dropped to $0.3052 and is currently trading at $0.3534, with a 24-hour decrease of 14.56%.
22.Google Trends - Global
ARKM (Token) - Recently, there has been a surge in blockchain security incidents. As an on-chain data analysis tool, Arkham has gained significant exposure thanks to its ability to expose potential risks and the direction of funds in real time. Recently, Binance IEO projects have been successively surging, but ARKM has now erased all of its previous gains, with a mere 6.01% increase over the past week.
23.Google Trends Surge - East Asia, South Asia, Southeast Asia, Hong Kong, Macau, and Taiwan
a) South Asia Region
India Trending Tokens: gtc, babydoge, flare
Pakistan Trending Keywords: crypto bubbles, crypto box code binance, btcadspace
b) Southeast Asia Region
Vietnam Trending Keywords: crypto bubble, crypto casino
Philippines Trending Keywords: best crypto wallet, crypto browser
Malaysia Trending Keywords: Crypto bubble, Coinmarketcap
c) East Asia and Hong Kong, Macau, and Taiwan Trending Keywords: Crypto meaning, Crypto hk
24.Google Trends Surge - English-speaking Countries, Europe, CIS Region
a) CIS Region Trending Keywords: bybit, binance
b) English-speaking Countries
Canada Trending Tokens: eth, velo
Australia Trending Tokens: asx, shib, ada
UK Trending Tokens: arkm, doge, shib, quant
c) Europe
Spain Trending Tokens: bone, venom, arkm, xlm, pepe
Germany Trending Keywords: sol, eth, btc, tao
France Trending Tokens: sonik, bfm, stx, multi
Italy Trending Tokens: sonik, matic, osmo, atom, cro
Turkey Trending Keywords: rsi heatmap crypto, cointiply
25.Google Trends Surge - Middle East, Latin America, Africa
a) Africa
Nigeria Trending Tokens and Keywords: coingecko, kraken crypto, crypto bubbles
South Africa Trending Keywords:
bitcoin price usd, shiba inu news
b) Middle East Trending Keywords:
crypto news, crypto bubbles
c) Latin America
Brazil Trending Tokens: link, sol, multi
Argentina Trending Keywords: chronicler, dolar crypto, dai crypto, shiba inu crypto
Mexico Trending Tokens: shib, pepe
References
1. Dune Dashboard - Blockchain Profile: https://dune.com/bitgetresearch/bitgetreseach-chains-overview
2. Dune Dashboard - Gas Fee Consumption: https://dune.com/bitgetresearch/gas-overview
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